BFC Financial Corporation Declares A Five for Four Stock Split.Business Editors FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--May 7, 2004 The Board of Directors of BFC BFC Buffalo Field Campaign (West Yellowstone, Montana) BFC Betty Ford Center BFC British Fashion Council BFC Bicycle Friendly Community BFC Bible Fellowship Church BFC Boavista Futebol Clube Financial Corporation (Nasdaq:BFCF BFCF Bremerton Freight Car Ferry ) announced today that its Board of Directors has declared a five-for-four common stock split, effected in the form of a 25 percent common stock dividend. The stock dividend is payable in Class A stock to both Class A and Class B common stockholders of record at the close of trading on May 17, 2004. The Board has set the payment date for May 25, 2004. Fractional shares will be rounded up to the next whole share of Class A common stock. Due to accounting and tax considerations, with respect to options to purchase Class B stock previously granted under the Company's stock option plan, the stock split dilution adjustments, with regard to these Class B options, will be made in Class B stock. About BFC Financial Corporation: BFC Financial Corporation (Nasdaq:BFCF) is a holding company that currently holds controlling interests in a number of diverse businesses, including: BankAtlantic Bancorp and its subsidiaries, BankAtlantic and Ryan Beck & Co.; and Levitt Corporation. These interests include approximately 13.2 million shares of the common stock of BankAtlantic Bancorp and approximately 3.3 million shares of the common stock of Levitt Corporation, as well as Levitt Corporation's ownership of an approximate 9.5 million shares of Bluegreen Corporation. About BankAtlantic Bancorp (NYSE NYSE See: New York Stock Exchange :BBX BBX Business Basic Extended BBX Business Barter Exchange BBX Blue Bell, Pennsylvania (Airport Code) BBX Blockbuster Express (UK video store) ): BankAtlantic Bancorp is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services holding company and the parent company of BankAtlantic and Ryan Beck & Co. Through these subsidiaries, BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking. About BankAtlantic: BankAtlantic, "Florida's Most Convenient Bank," is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community branches throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic has 73 branch locations and operates more than 200 conveniently located ATMs. BankAtlantic is open 7 days a week and offers holiday hours, extended weekday hours, Totally Free Change Exchange coin counters, 24/7 call center service, and free retail and business checking with a free gift. Seven-Day Banking - Monday through Sunday -- Extended branch lobby hours are 8:30 am - 5:00 pm, Monday through Wednesday, and 8:30 am - 8:00 pm, Thursday and Friday. Our Kendale Lakes branch in Miami-Dade will be open until midnight commencing June 1, 2004. -- Extended drive-thru hours are 7:30 am - 8:00 pm, Monday through Friday. -- Saturday branch lobby hours are 8:30 am - 3:00 pm, and drive-thru hours are 7:30 am - 6:00 pm. -- Sunday branch lobby hours are 11:00 am - 4:00 pm, and drive-thru hours are 11:00 am - 4:00 pm. About Ryan Beck & Co.: Ryan Beck & Co. is a full-service broker Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount dealer engaging in underwriting, market making, distribution, and trading of equity and debt securities. The firm also provides money management services, general securities brokerage, including financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against for the individual investor, consulting and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to financial institutions and middle market companies. Ryan Beck & Co. also provides independent research on approximately 100 companies and has approximately 500 financial consultants located in 33 offices nationwide. About Levitt Corporation (NYSE:LEV): Levitt Corporation, the parent company of Levitt and Sons(TM) and Core Communities, develops single-family homes and master-planned communities. Levitt and Sons(TM), America's first builder of planned suburban communities, is best known for creating New York's Levittown, Long Island and Levittown, PA. After building approximately 200,000 homes in 75 years, Levitt and Sons(TM) currently develops single and multi-family homes for active adults and families. Core Communities develops master-planned communities in Florida, including its original and best known, St. Lucie St. Lucie may refer to:
Bowden Homes - "A Levitt Company" Founded in 1971 and acquired by Levitt Corporation in April 2004, Bowden Homes has been the largest homebuilder in Memphis and its surrounding metropolitan area for six consecutive years. Bowden Homes focuses on building distinctively featured family housing in the Memphis and north Mississippi areas, and is the only mid-south homebuilder that offers an exclusive design center. Bluegreen Corporation (NYSE:BXG) engages in the acquisition, development, marketing and sale of drive-to-vacation resorts, golf communities and residential land. The Company's resorts are located in a variety of popular vacation destinations including the Smoky Mountains Smoky Mountains: see Great Smoky Mountains. of Tennessee; Myrtle Beach and Charleston, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. ; Branson, Missouri Branson is a city in Taney County, Missouri, United States. It was named for Rueben Branson, postmaster and operator of a general store in the area in the 1880s. [2]Historically, Branson was a small city. ; Wisconsin Dells Wisconsin Dells may refer to:
For further information, please visit our websites: http://www.BFCFinancial.com http://www.BankAtlanticBancorp.com http://www.BankAtlantic.com http://www.RyanBeck.com http://www.LevittCorporation.com http://www.LevittandSons.com http://www.CoreCommunities.com http://www.BowdenHomes.com http://www.Bluegreen-corp.com To receive future news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button on http://www.BFCFinancial.com. Statements in this release may constitute forward-looking statements and are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based largely on expectations and are subject to a number of risks and uncertainties including but not limited to the risks and uncertainties associated with economic, competitive and other factors affecting the Company and its operations, future payment of dividends as determined and declared by the Company's Board of Directors, and other factors detailed in the Company's SEC filings. |
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